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<p><a href="https://bitcoinist.com/what-triggered-bitcoins-last-explosion/#:~:text=Bitcoin%20(BTC)%20has%20been%20making,optimism%20about%20the%20cryptocurrency's%20future." rel="nofollow">Jan Happel and Yann Allemann</a>, the co-founders of the on-chain analytics platform Glassnode, recently suggested that <a href="https://bitcoinist.com/solana-price-prediction-could-solana-regain-bullish-momentum-and-push-to-200/" rel="nofollow">Solana (SOL)</a> could make a significant move to the upside in its Ethereum pair. They alluded to the likelihood of Ethereum rising higher as another reason SOL will likely “soar.”</p> 
<h2 id="solana-to-make-a-90-move-against-ethereum">Solana To Make A 90% Move Against Ethereum</h2> 
<p>Happel and Allemann, through their shared <a href="https://x.com/Negentropic_/status/1792506267581231288" rel="nofollow">X account</a> (@Negentropic), highlighted a “clear Cup and Handle pattern” on the SOLETH chart, which suggests <a href="https://www.newsbtc.com/news/solana/solana-1100-move-headed-next/">Solana</a> will move 90% from its current price level. They also noted that the SOLETH ratio has been consolidating for some time now and looks ready for such a move to the upside.&nbsp;</p> 
<img loading="lazy" decoding="async" class="wp-image-609132 size-medium" src="https://www.newsbtc.com/wp-content/uploads/2024/05/Solana_c0f434.png?w=460&amp;resize=460%2C214" alt="Solana" width="460" height="214" srcset="https://www.newsbtc.com/wp-content/uploads/2024/05/Solana_c0f434.png?w=512 512w, https://www.newsbtc.com/wp-content/uploads/2024/05/Solana_c0f434.png?w=460&amp;resize=460%2C214 460w" sizes="(max-width: 460px) 100vw, 460px" data-recalc-dims="1"> 
<p>Meanwhile, they also predict SOL will soar because they expect <a href="https://bitcoinist.com/altcoin-season-ethereum-breakout/" rel="nofollow">Ethereum</a> “to move much higher.” Therefore, a rally for the second-largest crypto token could also spark a significant move for Solana. Interestingly, this move already looks to be in play, seeing that SOL enjoyed up to a 7% price gain on the back of <a href="https://www.newsbtc.com/news/ethereum/ethereum-price-rally-to-10000/">Ethereum’s price rally</a> in the last 24 hours.&nbsp;</p> 
<p>Therefore, Solana could rise higher as ETH continues to enjoy an upward trend following reports that the <a href="https://www.newsbtc.com/crypto/sec-announcement-crypto/#:~:text=What%20The%20SEC's%20Latest%20Announcement%20Means%20For%20The%20Crypto%20Industry,-by%20Scott%20Matherson&amp;text=A%20recent%20announcement%20by%20the,actions%20have%20had%20on%20it.">Securities and Exchange Commission (SEC)</a> could approve the pending <a href="https://bitcoinist.com/us-sec-set-to-make-decision-on-ethereum-spot-etfs/" rel="nofollow">Spot Ethereum ETF applications</a>. A 90% move for Solana means the crypto token could come close to its current all-time high (ATH) of $260.</p> 
<p><a href="https://bitcoinist.com/33000-move-for-xrp-price/" rel="nofollow">Crypto analyst Javon Marks</a> had before now <a href="https://www.newsbtc.com/news/solana/solana-1100-move-headed-next/">predicted</a> that SOL could make such a move, noting that a price gain of 54% may already be in the pipeline. He further claimed that Solana achieving this price move would open up room for another price rally of 93%, which would send SOL’s price to $453.&nbsp;</p> 
<h2 id="how-high-can-sol-rise-in-this-bull-run">How High Can SOL Rise In This Bull Run?</h2> 
<p><a href="https://bitcoinist.com/shiba-inu-flip-dogecoin-shib/" rel="nofollow">Crypto analyst Altcoin Sherpa</a> has <a href="https://www.newsbtc.com/news/solana/solana-projected-to-reach-500-this-year-despite-market-meltdown-expert-predicts/">predicted</a> that Solana could rise to as high as $500 by year-end, while crypto analyst Hansolar predicts that Solana could hit $600 in this market cycle. <a href="https://www.newsbtc.com/news/crypto-analyst-reveals-which-meme-coin-will-topple-dogecoin-in-the-bull-market/">Crypto YouTuber Jake Gagain</a> offered a more bullish prediction, stating that Solana will rise to $750, although he predicts that will happen next year.&nbsp;</p> 
<p>Interstingly, Hansolar claimed that <a href="https://www.newsbtc.com/news/solana/solana-ethereum-ico-boom-sol/">SOL</a> could be the new Ethereum in this cycle. ETH is known to have been one of the biggest gainers in the last bull run, with its price more than tripling on its way to its current ATH of $4,891. Ethereum’s run then was thanks to its decentralized finance (DeFi) utility, with many DeFi projects utilizing the network.&nbsp;</p> 
<p><a href="https://bitcoinist.com/ethereum-franklin-templeton-enters-the-etf-ring/" rel="nofollow">Asset manager Franklin Templeton</a> suggested that Solana will onboard the projects that will drive the next wave of crypto adoption. Therefore, Solana could undoubtedly enjoy the kind of run Ethereum did in 2021. This explains why the asset manager is bullish on SOL’s growth, as they predict it will eventually become the third-largest crypto token after <a href="https://www.newsbtc.com/news/ethereum/ethereum-crypto-analyst-1900/#:~:text=If%20that%20happens%2C%20Ethereum%20could,its%20current%20price%20of%20%241%2C600.">Bitcoin and Ethereum</a>.&nbsp;</p> 
<img loading="lazy" decoding="async" class="size-medium" src="https://www.tradingview.com/x/wWsAEXCj/" alt="Solana price chart from Tradingview.com Ethereum" width="3286" height="1576">

Solana Cup And Handle Pattern Means An At Least 90% Move Against Ethereum, Analyst Says

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